KKR Completes Strategic Equity Investment in Westbrick Energy LTD.
Summary
CALGARY, ALBERTA, [November 19, 2012] – Westbrick Energy Ltd. (“Westbrick” or the “Company”) and Kohlberg Kravis Roberts & Co. (together with its affiliates, “KKR”) are pleased to announce that earlier today, KKR closed on a C$75 million strategic investment in the Company. Ken McCagherty, President and CEO of Westbrick commented: “We are excited to be partnering with KKR, a leading North American energy investor. The Westbrick team has a proven record of success in building energy companies of scale in the Western Canadian Sedimentary Basin. Jonathan Smidt, Member of KKR, said: “KKR is thrilled to be partnering with Westbrick to invest in the compelling opportunities available in the Canadian oil and gas marketplace today. Founded in 1976 and led by Henry Kravis and George Roberts, KKR is a leading global investment firm with $66.3 billion in assets under management as of September 30, 2012.